Indian Steel Prices was characterised by lull in activity due to holidays last week. The Indian Long Product Price Index ILPPI dipped by 33 points, whereas the Indian Flat Products Index IFPPI remained stable with a deflection of only 2 points. The overall price index INDSPI fell by a meagre 18 points
| Class | 06-Mar | 13-Mar | Change |
| ILPPI | 6662 | 6630 | -33 |
| IFPPI | 6658 | 6656 | -2 |
| IDSPI | 6660 | 6642 | -18 |
ILPPI - Indian Long Product Price Index
IFPPI - Indian Flat Product Price Index
INDSPI - Indian Steel Price Index
Long Products
| Category | 06-Mar | 13-Mar | Change |
| PI - TMT | 6431 | 6392 | -39 |
| PI - WRC | 7160 | 7133 | -27 |
| PI - Angle | 6288 | 6263 | -26 |
| PI - Channel | 6338 | 6313 | -25 |
| PI - Joist | 5848 | 5805 | -43 |
Flat products
| Category | 27-Feb | 13-Mar | Change |
| PI - Narrow Plates | 6238 | 6267 | 29 |
| PI - Wide Plates | 6669 | 6705 | 35 |
| PI - Hot Rolled | 6448 | 6478 | 30 |
| PI - Cold Rolled | 7178 | 7241 | 63 |
| PI - Galvanized | 6824 | 6954 | 130 |
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Input materials remained depressed
The prices remained bearish due to lack of transactions and devoid of any invigorating factors.
1) Internationally the scrap prices plummeted by USD 20 per tonne thereby gravitating the domestic prices. Ship breaking industry exhibited decline in fortunes due to glut after an incessant phase of profiteering.
2) Pencil ingot, pig iron and sponge iron prices maintained a slow decline primarily in reaction to depressed sentiments in downstream products like TMT & Structurals.
Melting scrap
80:20
HMS
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Kandla | -267 | -1.3% |
| Mumbai | 0 | 0.0% |
| Mandi | -355 | -1.8% |
| Kolkata | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Alang
| Product | Size | Size | Change | % |
| Ships | Mixed | Mixed | -100 | -0.6% |
| Plate cuttings | 1" | 1" | -100 | -0.5% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Pencil ingot
| Location | Change | % |
| Mumbai | -200 | -0.9% |
| Mandi | -277 | -1.1% |
| Raipur | -267 | -1.3% |
| Kanpur | 0 | 0.0% |
| Kolkata | 0 | 0.0% |
| Ghaziabad | -300 | -1.3% |
| Muzzafarnagar | -267 | -1.1% |
| Ahmedabad | -200 | -0.9% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Pig Iron
| Location | Change | % |
| Raipur | -300 | -1.7% |
| Kolkata | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Sponge iron
| Location | Change | % |
| Raipur | -300 | -2.1% |
| Kolkata | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Long products prices exhibit downward trend
TMT
Fe 415
12mm
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | -788 | -2.7% |
| Mandi | -832 | -2.5% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Kanpur | 400 | 1.3% |
| Ahmedabad | 0 | 0.0% |
| Indore | -200 | -0.6% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
WRC
SWR14
5.5/6
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Raipur | -444 | -1.6% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
ANGL
GR A
65x6
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | -901 | -3.0% |
| Mandi | -208 | -0.6% |
| Raipur | -312 | -1.1% |
| Kolkata | 0 | 0.0% |
| Delhi | -383 | -1.2% |
| Kanpur | 0 | 0.0% |
| Ahmedabad | 0 | 0.0% |
| Indore | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
CHNL
GR A
75/100
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | -901 | -2.9% |
| Mandi | -208 | -0.6% |
| Raipur | -312 | -1.1% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
| Ahmedabad | 0 | 0.0% |
| Indore | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
JSTI
GR A
250x125
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | -901 | -2.8% |
| Mandi | -1248 | -3.6% |
| Raipur | -312 | -1.0% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
| Ahmedabad | -208 | -0.7% |
| Indore | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Flat products prices show mixed movement
The prices remained stable to depressed for HRC, patra and plates whereas there was improvement in downstream products like CRC by 3% and HDG by 1 % in select locations.
HRC
Tube
2.5x1250
| Location | Change | % |
| Mumbai | 0 | 0.0% |
| Ludhiana | 0 | 0.0% |
| Kolkata | 0 | 0.0% |
| Delhi | 0 | 0.0% |
| Ahmedabad | -185 | -0.6% |
| Indore | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
Patra
| Location | Change | % |
| Ludhiana | -185 | -0.7% |
| Mandi | -462 | -1.7% |
| Delhi | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
PLTS
GRA
8x1.5
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Kolkata | -444 | -1.6% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
PLTS
GRB
12-20x2.5
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Raipur | 0 | 0.0% |
| Kolkata | -267 | -0.9% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
| Ahmedabad | 0 | 0.0% |
| Indore | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
CR
DSK
0.63x1000
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | 924 | 3.0% |
| Pune | 924 | 2.9% |
| Kolkata | -267 | -0.8% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
| Ahmedabad | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
GC
100Gms
0.4
| Location | Change | % |
| Chennai | 0 | 0.0% |
| Mumbai | 0 | 0.0% |
| Kolkata | 267 | 0.7% |
| Delhi | 0 | 0.0% |
| Kanpur | 0 | 0.0% |
| Bangalore | 0 | 0.0% |
Change is on March 13th 2009 as compared to March 6th 2009
Change is in INR per tonne
The export offers from Indian mills remained under pressure last week and saw decline. No business was reported for plates, HR and billets.
| Item | Grade | Size | USD | Delivery | Change |
| PLTS | Structural | 12-40x2.5 | 470 | FOB Vizag | -10 |
| HDG | 100Gms | 0.4 | 600 | FOB Mumbai | -20 |
| PPGI | Standard RAL | 0.4 | 750 | FOB Mumbai | -50 |
In USD per tonne
1. International prices for long and flat continued to be depressed portending depression in the Indian export levels.
2. The usually resilient prices of coated products fell by USD 20 per tonne to USD 50 per tonne due to onslaught of cheaper offers from domestic mills.
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